XML 18 R4.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Rents and other single-family property revenues $ 459,276 $ 423,555
Expenses:    
General and administrative expense 19,671 21,885
Interest expense 45,426 38,577
Acquisition and other transaction costs 3,061 3,324
Depreciation and amortization 124,928 115,726
Total expenses 394,797 366,841
Gain on sale and impairment of single-family properties and other, net 62,016 68,901
Loss on early extinguishment of debt (216) (954)
Other income and expense, net 2,434 3,434
Net income 128,713 128,095
Noncontrolling interest 15,255 15,320
Dividends on preferred shares 3,486 3,486
Net income attributable to common shareholders $ 109,972 $ 109,289
Weighted-average common shares outstanding:    
Basic (in shares) 370,372,388 366,513,257
Diluted (in shares) 370,761,741 366,972,293
Net income attributable to common shareholders per share:    
Basic (in dollars per share) $ 0.30 $ 0.30
Diluted (in dollars per share) $ 0.30 $ 0.30
Property operating expenses    
Expenses:    
Cost of goods and services sold $ 167,530 $ 155,927
Property management expenses    
Expenses:    
Cost of goods and services sold $ 34,181 $ 31,402